Real Estate Investing in Leland, Illinois (60531)
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Should you buy in 60531 (Leland, IL)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Leland, IL (60531)?
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Market Analysis: 60531 Leland
ZIP 60531 in Leland, IL carries a significant set of headwinds. Home values near $291K and rents of $1,494/mo sit inside a market where underwriting has to be tight.
The investment case in 60531 is resilient only for operators who understand what they are buying. A $291K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 60531's metrics run below La Salle County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A substantial renter share of 29% in 60531 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 60531 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Leland:
Market Trends
Home Value History (with trend line)
📊 How Does 60531 Compare?
| Metric | 60531 | Leland | Ottawa, IL | Illinois |
|---|---|---|---|---|
| Home Value | $290,632 | $290,632 | N/A | $279,761 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.6% |
| Avg Rent | $1,494 | $1,494 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 60531 (Leland, IL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,632 |
| Monthly Rent | $1,494 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 60531
Population: 2,170
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 60531
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the average home sale price in Leland, IL?
Expect median prices around $291K in Leland, IL. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What is the tenant pool like in Leland, IL?
The tenant pool in Leland, IL is solid, supported by local employment and population fundamentals. Rents of $1,494/mo are well-absorbed by the market.
Is Leland, IL a smart market for rental property?
With a 3.0/5 investability score, Leland, IL ranks as a solid market for rental property investors. Median prices of $291K and rents of $1,494/mo drive the underlying numbers.
What are vacancy rates like in Leland, IL?
Leland, IL sees elevated vacancy, which is reasonable relative to the broader IL rental market.
Which investment style suits Leland, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Leland, IL. With home values at $291K and rents near $1,494/mo, other strategies can work but produce reliable rather than outsized returns.
You know 60531 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 60531 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 60531 ranks in Ottawa, IL
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